15
Jan
06:14
Delong buys Shougang Huoqiu iron ore mine shares
Hebei Delong Iron & Steel has become a new investor in Anhui Shoukuang Dachang Metal Materials, buying shares from Shougang Mining for CNY 600 million ($92.68 million). Shoukuang Dachang was established as a vehicle for the exploration of the Huoqiu iron ore mine project, which was on hold for several years following major corruption cases in 2013.
Public information shows the Huoqiu iron mine construction work could resume this year, with CNY 3.94 billion i…
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